[CBRL GROUP, INC. LOGO]
Investor Contact: Diana S. Wynne
Senior Vice President, Corporate Affairs
(615) 443-9837
Media Contact: Julie K. Davis
Director, Corporate Communications
(615) 443-9266
CBRL GROUP REPORTS POSITIVE APRIL COMPARABLE STORE RESTAURANT SALES
AND GUEST TRAFFIC
LEBANON, Tenn. -- May 1, 2007 -- CBRL Group, Inc. (“CBRL” or the “Company”) (Nasdaq: CBRL) today reported comparable store sales for its Cracker Barrel Old Country Store® (“Cracker Barrel”) restaurants and gift shops for the five-week period ending Friday, April 27, 2007.
· | Comparable store restaurant sales were up 1.8% from the comparable period last year, including 0.3% higher guest traffic. The average check increased approximately 1.5%, including 1.6% higher average menu pricing. |
· | Comparable store retail sales were down 2.9% including approximately 3.8% negative impact from reduced sales from the Porch Sale clearance event this year, primarily because of improved sell-through of retail merchandise and inventory management which resulted in less inventory being available for clearance. |
Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 557 Cracker Barrel Old Country Store restaurants and gift shops located in 41 states.
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